Non-Life Insurance in Sweden
Summary
Non-Life Insurance in Sweden industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
- The Swedish non-life insurance market recorded written premiums of $9.9 billion in 2023, representing a compound annual growth rate (CAGR) of 0.3% between 2018 and 2023.
- The property segment accounted for the market's largest proportion in 2023, with total written premiums of $4.2 billion, equivalent to 42.0% of the market's overall value.
- The Swedish non-life insurance market is experiencing significant growth, driven by rising awareness of the importance of insurance in safeguarding assets and mitigating financial risks. Moreover, the growing elderly population is significantly boosting demand for health insurance policies, as aging individuals increasingly prioritize comprehensive coverage to manage rising medical expenses and long-term care needs. According to the United States Census Bureau, the population of individuals aged 65 and above in Sweden reached 2.1 million in 2023, reflecting a 1.0% increase from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Sweden
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Sweden
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Sweden non-life insurance market with five year forecasts by both value and volume
- What was the size of the Sweden non-life insurance market by value in 2023?
- What will be the size of the Sweden non-life insurance market in 2028?
- What factors are affecting the strength of competition in the Sweden non-life insurance market?
- How has the market performed over the last five years?
- How large is Sweden’s non-life insurance market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the recent trends in the Swedish non-life insurance market?
- 8 Company Profiles
- 8.1. Lansforsakringar AB
- 8.2. If Skadeforsakring AB
- 8.3. Folksam
- 8.4. Trygg-Hansa Forsskrings AB
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Sweden non-life insurance market value: $ billion, 2018-23
- Table 2: Sweden non-life insurance market category segmentation: % share, by value, 2018-23
- Table 3: Sweden non-life insurance market category segmentation: $ billion, 2018-23
- Table 4: Sweden non-life insurance market geography segmentation: $ billion, 2023
- Table 5: Sweden non-life insurance market value forecast: $ billion, 2023-28
- Table 6: Lansforsakringar AB: Key Facts
- Table 7: Lansforsakringar AB: Key Employees
- Table 8: If Skadeforsakring AB: Key Facts
- Table 9: If Skadeforsakring AB: Key Employees
- Table 10: Folksam: Key Facts
- Table 11: Folksam: Key Employees
- Table 12: Trygg-Hansa Forsskrings AB: Key Facts
- Table 13: Trygg-Hansa Forsskrings AB: Key Employees
- Table 14: Sweden Size of Population (million), 2019-23
- Table 15: Sweden Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 16: Sweden GDP (Current Prices, $ Billion), 2019-23
- Table 17: Sweden Inflation, 2019-23
- Table 18: Sweden Consumer Price Index (Absolute), 2019-23
- Table 19: Sweden Exchange Rate, 2018-23
- List of Figures
- Figure 1: Sweden non-life insurance market value: $ billion, 2018-23
- Figure 2: Sweden non-life insurance market category segmentation: $ billion, 2018-23
- Figure 3: Sweden non-life insurance market geography segmentation: % share, by value, 2023
- Figure 4: Sweden non-life insurance market value forecast: $ billion, 2023-28
- Figure 5: Forces driving competition in the non-life insurance market in Sweden, 2023
- Figure 6: Drivers of buyer power in the non-life insurance market in Sweden, 2023
- Figure 7: Drivers of supplier power in the non-life insurance market in Sweden, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Sweden, 2023
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Sweden, 2023
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Sweden, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook